1290 High Yield Bond Fund Class I (TNHIX)
| Fund Assets | 87.63M |
| Expense Ratio | 0.75% |
| Min. Investment | $1,000,000 |
| Turnover | 37.00% |
| Dividend (ttm) | 0.54 |
| Dividend Yield | 6.46% |
| Dividend Growth | -0.03% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 31, 2026 |
| Previous Close | 8.43 |
| YTD Return | -1.07% |
| 1-Year Return | 6.04% |
| 5-Year Return | 19.71% |
| 52-Week Low | 8.19 |
| 52-Week High | 8.69 |
| Beta (5Y) | n/a |
| Holdings | 267 |
| Inception Date | Nov 12, 2014 |
About TNHIX
1290 High Yield Bond Fund Class I is an institutional share class of a mutual fund designed to maximize current income through investments in high-yield bonds. Under normal circumstances, the fund allocates at least 80% of its net assets, plus any borrowings for investment purposes, to a diverse array of below investment-grade bonds, commonly known as junk bonds. Its investment approach integrates bottom-up fundamental credit research for individual security selection with top-down macro analysis to position the portfolio effectively against broader market risks. This strategy targets long-term returns in the U.S. corporate credit market by emphasizing income generation while mitigating principal loss. The fund focuses on U.S. dollar-denominated, publicly issued corporate debt securities that carry below investment-grade ratings from agencies like Moody's, S&P, and Fitch, typically featuring fixed coupons and sufficient outstanding amounts. Class I shares cater to institutional investors, registered investment advisers with significant fund investments, certain employees, and wrap account clients, supporting its role in high-yield fixed income portfolios seeking elevated income potential from non-investment-grade sectors.
Performance
TNHIX had a total return of 6.04% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.03%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 31, 2026 | $0.04928 | Mar 31, 2026 |
| Feb 27, 2026 | $0.03988 | Feb 27, 2026 |
| Jan 30, 2026 | $0.04915 | Jan 29, 2026 |
| Dec 12, 2025 | $0.04089 | Dec 12, 2025 |
| Nov 26, 2025 | $0.0457 | Nov 26, 2025 |
| Oct 31, 2025 | $0.04621 | Oct 31, 2025 |